Evergy, Inc. (NASDAQ:EVRG) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 60.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,620 shares of the company's stock after acquiring an additional 6,248 shares during the period. O Shaughnessy Asset Management LLC's holdings in Evergy were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the 4th quarter valued at approximately $26,000. National Pension Service acquired a new stake in shares of Evergy during the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy in the 4th quarter valued at about $31,000. Sandy Spring Bank raised its holdings in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Evergy during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Up 1.6 %

Shares of EVRG traded up $1.04 during mid-day trading on Friday, reaching $66.52. The stock had a trading volume of 2,545,058 shares, compared to its average volume of 1,949,512. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $70.30. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.82 and a beta of 0.52. The business's fifty day moving average is $66.94 and its 200 day moving average is $63.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

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Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, sell-side analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio is 70.45%.

Analyst Ratings Changes

EVRG has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group boosted their target price on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Barclays raised their price target on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Evergy currently has an average rating of "Buy" and an average price target of $69.08.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.